Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Bangladesh
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-01-14
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: PRAN-RFL Group (PRAN)
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Industry and Trade
Investment Amount (USD): $ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 13.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-12
MYMENSINGH AGRO LIMITED
FMO-45318

Project Description
This project provides co-financing with Proparco to MymenSingh Agro Ldt (MAL). The project expands MAL's production facilities for beverages and refinances part of the local long-term loans. This refers to a 7 years senior secured USD 13 million facility that Proparco (USD 8 million) and FMO (USD 5 million) finance.
Investment Description
Proparco: USD 8 million FMO: USD 5 million